August 26, 2022 13:29
President Yoon Suk-yeol has declared total assets of W7.64 billion, according to the Ministry of Personnel Management (US$1=W1,335). That is down W105.4 million since he registered to run for president in February.
Assets in his name fell by more than W300 million to W526 million, while his wife, Kim Keon-hee, owns the rest.
Bank deposits account for 72 percent of the couple's wealth. Yoon holds W519.7 million in savings and W6.3 million worth of insurance but has no real estate or car in his own name. Kim has W5 billion in savings.
Yoon's private residence in southern Seoul is worth W1.8 billion, up around W250 million since February. The couple move into the new presidential residence in Hannam-dong next month so the apartment in southern Seoul remains empty. The first lady also owns land and a warehouse in Yangpyeong, Gyeonggi Province worth W314 million.
Yoon's assets have decreased by around W320 million as February's report included political donations made directly to him, but Kim's increased by around W215 million, mostly from their apartment, according to a presidential office.
When he resigned as prosecutor-general in June last year, Yoon only reported W240 million worth of bank savings, but the presidential office said his severance pay was since added to them.
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